Kraken Institutional partners with pricing oracle Upshot to provide fair-value estimates for illiquid crypto assets, addressing a key risk for institutional holders.
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Kraken Institutional has tapped Upshot, a pricing oracle, to value illiquid crypto assets across its platform. The partnership gives Kraken's institutional clients access to real-time fair-value estimates for tokens that trade infrequently or lack deep order books.
Upshot uses a network of human evaluators and machine learning to produce price feeds for assets where exchange data alone is unreliable. Kraken Institutional, the exchange's division for hedge funds and asset managers, will integrate those feeds into its custody and trading services.
The move addresses a persistent problem in crypto: illiquid tokens can sit on balance sheets at stale or arbitrary prices, creating risk for institutional holders. A pricing layer that updates continuously, rather than at the last trade, lets firms mark positions more accurately.
Kraken did not disclose which tokens would be covered first or the financial terms of the deal. Upshot's existing clients include other exchanges and DeFi protocols that need pricing for collateral and liquidation thresholds.
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